Symphony Financial Ltd. Co. cut its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 12.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,837 shares of the company's stock after selling 1,886 shares during the quarter. Symphony Financial Ltd. Co.'s holdings in Procter & Gamble were worth $2,079,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Acorn Creek Capital LLC grew its stake in Procter & Gamble by 2.8% during the third quarter. Acorn Creek Capital LLC now owns 2,170 shares of the company's stock worth $376,000 after buying an additional 59 shares during the last quarter. Patrick M Sweeney & Associates Inc. raised its position in Procter & Gamble by 1.1% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 5,561 shares of the company's stock valued at $963,000 after purchasing an additional 59 shares during the last quarter. Traveka Wealth LLC boosted its stake in Procter & Gamble by 1.7% in the third quarter. Traveka Wealth LLC now owns 3,554 shares of the company's stock worth $616,000 after purchasing an additional 60 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC grew its holdings in shares of Procter & Gamble by 0.7% during the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,699 shares of the company's stock worth $1,507,000 after purchasing an additional 61 shares during the last quarter. Finally, Valued Wealth Advisors LLC increased its stake in shares of Procter & Gamble by 11.2% in the third quarter. Valued Wealth Advisors LLC now owns 605 shares of the company's stock valued at $105,000 after buying an additional 61 shares in the last quarter. Institutional investors own 65.77% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on PG shares. Morgan Stanley increased their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. UBS Group dropped their price objective on shares of Procter & Gamble from $196.00 to $189.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Barclays lifted their target price on Procter & Gamble from $155.00 to $159.00 and gave the company an "equal weight" rating in a research note on Thursday, January 23rd. Evercore ISI raised their price target on Procter & Gamble from $180.00 to $183.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Finally, Stifel Nicolaus upped their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $180.53.
Read Our Latest Stock Analysis on Procter & Gamble
Insider Activity at Procter & Gamble
In related news, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the sale, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 151,097 shares of company stock valued at $25,635,076. 0.18% of the stock is owned by insiders.
Procter & Gamble Stock Down 0.9 %
PG stock traded down $1.58 during mid-day trading on Tuesday, hitting $167.19. 627,365 shares of the company were exchanged, compared to its average volume of 7,119,466. The firm has a market cap of $392.02 billion, a P/E ratio of 26.62, a P/E/G ratio of 3.73 and a beta of 0.45. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The firm's 50 day simple moving average is $168.34 and its 200 day simple moving average is $169.41.
Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion for the quarter, compared to analysts' expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm's revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.84 EPS. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.
Procter & Gamble Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.41%. Procter & Gamble's payout ratio is presently 64.17%.
About Procter & Gamble
(
Free Report)
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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